Titcoin is notable for being the first altcoin fully recognized as a legitimate form of currency by a major industry trade organization.

Coinye, for example, is an altcoin that used rapper Kanye West as its logo without permission.

But unlike bitcoin and other attempts to create an alternative cryptocurrency or "altcoin," Zcash is launching as a for-profit company.

This incident spiked Tweets about Dogecoin making it the most mentioned altcoin on Twitter.

Altcoin Migration - If you have an altcoin that seeks to fulfill a specific purpose, but do not wish to continue mining, you can migrate it to Counterparty with proof-of-burn.

Community refers to premining, hidden launches, or extreme rewards for the altcoin founders as a deceptive practice, but it can also be used as an inherent part of a digital cryptocurrency's design, as in the case of Ripple.

Counterparty used proof of burn to issue XCP, instead of a more traditional fund-raising technique for altcoin launches, to keep the initial distribution of funds as fair and decentralized as possible, and to avoid potential legal issues.

He is also the creator and CEO of the instant bitcoin and altcoin exchange ShapeShift.io, having founded and operated it under the alias Beorn Gonthier, until revealing his true involvement with the company, as part of a seed funding announcement, in March 2015.